Time deposits in Armenian Ameriabank grow 185% in January-July

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27.08.2009, 21:22

Total amount of time deposits in Ameriabank of Armenia grew by 185% in January-July and by 34% in July only, the bank’s press service reported.

YEREVAN, August 27. /ARKA/. Total amount of time deposits in Ameriabank of Armenia grew by 185% in January-July and by 34% in July only, the bank’s press service reported.

82% of the deposits were from organizations in the period.

Deposits from individuals grew by 316%, says the press release.

By the end of the first half, time deposits from legal entities totaled 26 billion drams making Ameriabank the leader in terms of time deposits among Armenian banks.

Time deposits from organizations grew by 35% in July only and reached 35 billion drams over January-July.

Ameriabank closed joint stock company is an investment bank offering corporate, investment and particular retail services in a complex package. Ruben Vardanyan is the Chairman of the bank’s Board of Directors and Artak Anesyan is the Chairman of Directorate and the General Director.

“Troyka Dialogue”, a biggest Russian investment-banking company, is a strategic partner of Ameriabank. ($1=371.49Drams).

Currently Ameriabank is offering time deposit services both for physical and legal entities. N.V. –0—

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